Goldstone Financial Group LLC Purchases 214 Shares of The Goldman Sachs Group, Inc. $GS

Goldstone Financial Group LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 16.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,531 shares of the investment management company’s stock after buying an additional 214 shares during the period. Goldstone Financial Group LLC’s holdings in The Goldman Sachs Group were worth $1,108,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GS. GAMMA Investing LLC boosted its position in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. International Assets Investment Management LLC bought a new position in The Goldman Sachs Group in the 1st quarter valued at $1,766,238,000. Nuveen LLC bought a new position in The Goldman Sachs Group in the 1st quarter valued at $897,185,000. Assenagon Asset Management S.A. boosted its position in The Goldman Sachs Group by 102.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock valued at $8,065,000 after buying an additional 585,084 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 5,559.2% in the 1st quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock valued at $256,876,000 after purchasing an additional 461,911 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,323 shares of company stock worth $28,111,828. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GS. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Morgan Stanley increased their price target on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Citigroup increased their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, HSBC reissued a “reduce” rating and issued a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $660.00.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $780.87 on Monday. The company has a market capitalization of $236.38 billion, a PE ratio of 17.21, a PEG ratio of 1.64 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $793.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The stock’s fifty day simple moving average is $728.85 and its 200 day simple moving average is $631.75.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate of $9.82 by $1.09. The business had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $8.62 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.26%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.